{"id":91966,"date":"2024-05-14T00:00:00","date_gmt":"2024-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/emirates-nbds-asset-management-arm-launches-its-debut-public-fund-in-difc\/"},"modified":"2024-05-14T00:00:00","modified_gmt":"2024-05-14T00:00:00","slug":"emirates-nbds-asset-management-arm-launches-its-debut-public-fund-in-difc","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/14\/emirates-nbds-asset-management-arm-launches-its-debut-public-fund-in-difc\/","title":{"rendered":"Emirates NBD\u2019s asset management arm launches its debut public fund in DIFC"},"content":{"rendered":"

Emirates NBD launches umbrella fund in DIFC: <\/strong>Emirates NBD Asset Management has established its first public fund, dubbed FundStar, in Dubai International Financial Centre (DIFC), the lender said in a statement<\/a>. The umbrella fund will house multiple feeder and master funds across \u201ca broad range of asset classes and geographies,\u201d including conventional and Shariah-compliant equity, fixed income, and multi-asset strategies.<\/p>\n

The details: <\/strong>The fund will have a minimum investment ticket of USD 1k or AED 1k, and will offer quarterly income distributions. The new fund will allow investors to invest in foreign funds in highly regulated jurisdictions like Luxembourg via its feeder sub-funds.<\/p>\n

What\u2019s next?<\/strong> The fund will offer its shares for UAE-based retail investors through an initial public offering. <\/p>\n","protected":false},"excerpt":{"rendered":"

FundStar\u2019s investors will have access to foreign funds in highly regulated jurisdictions<\/p>\n","protected":false},"author":1,"featured_media":91967,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1547],"tags":[502,29,794,260,7],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91966","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-capital-markets","tag-asset-management","tag-capital-markets","tag-dubai-international-financial-center","tag-emirates-nbd","tag-enterpriseam-uae","wpautop","entry"],"acf":{"mongo_id":"48bce62d-4253-491f-8df2-463b22a96417","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/899.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Emirates NBD\u2019s asset management arm sets up inaugural public fund in DIFC","related_issue":[91957],"teaser":"FundStar\u2019s investors will have access to foreign funds in highly regulated jurisdictions","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.276ced9f-7528-422d-8e26-ccc35d8dfce6.mp3"},"yoast_head":"\nEmirates NBD\u2019s asset management arm launches its debut public fund in DIFC - 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